Geo Energy Resources' Profit Jumps 63% in Q1; Shares Slump 8%

MT Newswires

2025/05/15

Geo Energy Resources' (SGX:RE4) profit for the first quarter of the year surged 63% to $14.1 million from $8.7 million a year earlier, according to a Wednesday filing with the Singapore Exchange.

Gross profit was up 71% to $28.5 million from $16.7 million a year earlier.

Revenue zoomed 68% year over year to $166.4 million from $99.0 million a year earlier, due to higher coal sales volume.

The company declared an interim dividend of SG$0.0025 per share.

Shares of the coal mining and exploration company slumped nearly 8% in recent trading.

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